GCB - GCB Bank Limited
GCB Bank Limited (formerly known as Ghana Commercial Bank) is the largest independent financial institution in Ghana. The company started in 1953 as the Bank of the Gold Coast to provide banking services to the emerging nation for socioeconomic development. The bank had been wholly owned by the Government of Ghana until 1996. Today, the Government's ownership stands at 21.4% while individual and institutional holdings take up the rest. Social Security and National Insurance Trust is currently the largest shareholder in the company with 29.8% holding, followed in third place by the UK investment firm SCBN/Northern Trust Global Service Ltd with a distant 6.6%. With over 150 branches and 11 agencies in all regions of the country, GCB Bank is, in effect, the widest-networked commercial bank in Ghana. In 2013, the bank adopted an internal change program that overhauled its brand, resulting in the new name the following year.
GCB Bank Limited is listed on the Ghana Stock Exchange (GSE). GCB is traded on the GSE under the ticker symbol “GCB”. The International Securities Identification Number (ISIN) of GSE:GCB is GH0000000094. GCB Bank Limited is currently the ninth most valuable stock on the GSE with a market capitalization of GHS 835 million, which makes about 1.27% of the Ghana Stock Exchange equity market.
|Last Trading Results|
|Day’s Low Price|
|Day’s High Price|
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|Earnings Per Share||2.8124|
|Dividend Per Share||0.00|
GCB Stock Market Performance
The current share price of GCB Bank Limited (GCB) is GHS 3.15. GCB closed its last trading day (Thursday, June 1, 2023) at 3.15 GHS per share on the Ghana Stock Exchange (GSE). GCB began the year with a share price of 3.94 GHS but has since lost 20.1% off that price valuation, ranking it 32nd on the GSE in terms of year-to-date performance.
GCB Bank is the fourth most traded stock on the Ghana Stock Exchange over the past three months (Feb 28 - Jun 1, 2023). GCB has traded a total volume of 3.87 million shares valued at GHS 12.3 million over the period, with an average of 61,358 traded shares per session. A volume high of 2.07 million was achieved on May 9th for the same period. The table below details the last 10 trading days of activity of GCB Bank on the Ghana Stock Exchange.
Profile of GCB Bank Limited
GCB Bank Limited operates in the Financials sector, specifically, the Banking industry. The company is led by Anselm Ransford Sowah as its Managing Director, since 2017. The company's board of directors, chaired by Jude Kofi Arthur, is composed of 12 members whose names are listed below.
- Arthur, Jude Kofi
- Sowah, Anselm Ransford
- Amankwah, Samuel
- Affram, Socrates
- Saraa III, Nana (Queen Mother of Denkyira)
- Yakubu, Alhassan (Alhaji)
- Arthur-Collins, Francis
- Ankrah, Emmanuel Ray
- Ayuba, Osmani Aludiba
- Amarteifio, Nik
- Essah, Lydia (Mrs.)
- Younge, Edward Prince Amoatia
Factsheet of GCB Bank Limited
- GCB Building, Thorpe Road/High Street, PO Box GP 134, Accra, Ghana
- +233-302-663-964, +233-302-672-852, +233-302-664-914
GCB Industrial Market Competitors
GCB Bank Limited, issuers of the GCB stock on the Ghana Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Banking industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
|ETI||Ecobank Transnational Incorporated||3.61B||0.15|
|RBGH||Republic Bank Ghana Limited||460M||0.54|
|SCBPREF||Stanchart Preferential Shares||15.7M||0.90|
|ACCESS||Access Bank Ghana||696M||4.00||-0.25%|
|EGH||Ecobank Ghana Limited||1.74B||5.40||-18.7%|
|SCB||Standard Chartered Bank Limited||1.68B||12.50||-38%|
|TBL||Trust Bank Gambia Limited||164M||0.82||+2.5%|
|ADB||Agricultural Development Bank||1.76B||5.06|
|MAC||Mega African Capital Limited||53.5M||5.38|